Home » Posts tagged with "Fuel excise tax"

Posts tagged with "Fuel excise tax"

P677B revenue collection goal for 2019 doable, says BOC chief

P677B revenue collection goal for 2019 doable, says BOC chief

Jan. 15 | Customs Commissioner Rey Leonardo Guerrero is confident of meeting the Bureau of Customs’ (BOC) P677-billion 2019 revenue collection target. In a text message to PortCalls, Guerrero said meeting this year’s goal, 15.8% higher than last year’s P584.881...

BOC implements TRAIN Law’s second tranche

BOC implements TRAIN Law’s second tranche

Jan. 14 | New rates for several commodities including fuel, tobacco and alcoholic beverages covered under the second tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) Law and Sin Tax Reform Law, are now being implemented under the Bureau of Customs...

Additional fuel excise tax may be implemented in 2019 after all

Additional fuel excise tax may be implemented in 2019 after all

Nov. 30 | The Development Budget Coordinating Committee (DBCC) has retracted its recommendation to suspend the second increase in excise tax on fuel under the Tax Reform for Inclusion and Acceleration (TRAIN) law in light of the favorable outlook in the price of...

PH fuel marking system for implementation in 2019

PH fuel marking system for implementation in 2019

Nov. 26 | The Philippine government will finally implement next year its fuel marking system to curb oil smuggling and plug revenue losses from illegal importation and misdeclaration of fuel. The Bureau of Customs and Bureau of Internal Revenue have recently created...

PH shipping, trucking rates seen to rise with fuel excise tax hike

PH shipping, trucking rates seen to rise with fuel excise tax hike

Dec. 18 | Philippine cargo transport service providers said the higher excise tax on petroleum products to be implemented by next year under the recently passed Tax Reform for Acceleration and Inclusion (TRAIN) bill will inflate operational costs that will eventually...

Fuel marking in PH eyed in 2018

Fuel marking in PH eyed in 2018

Jun. 1 | A mandatory fuel marking system may be implemented in the Philippines by the Bureau of Customs (BOC) by early next year to curb smuggling and misdeclaration of petroleum products which cost the government almost P27 billion in annual revenue losses, said...
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